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UK financial sector slowly improving on diversity – BoE paper

UK financial sector slowly improving on diversity – BoE paper

The number of women in senior positions within UK banks has increased over the last 20 years, but little progress has been made on improving age and nationality diversity. These were the findings of new…

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Vietnam’s central bank to pilot ‘virtual currency’

Vietnam’s central bank to pilot ‘virtual currency’

Vietnam’s prime minister, Pham Minh Chinh, has instructed the country’s central bank to develop a “virtual currency” based on blockchain within the next three years. On June 15, Chinh published a plan for the development…

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O CBDC, O crypto! Wherefore art thou regtech?

O CBDC, O crypto! Wherefore art thou regtech?

Putting more investment and energy into regtech, instead of solely focusing on crypto and CBDC, would help to secure more of the expected benefits from digital evolution by : Source link

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Emerging markets pass capital flows test

Emerging markets pass capital flows test

Emerging markets have become much more resilient in dealing with international capital inflows, while better leveraging the benefits of inward investment. The Bank for International Settlements’ Committee on the Global Financial System highlights these findings…

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IMF draws links between transparency and debt accumulation

IMF draws links between transparency and debt accumulation

The International Monetary Fund has urged countries that receive low scores as part of the fund’s fiscal transparency evaluation (FTE) to open up their budget processes. In an article that focuses on the Middle East and central…

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Transparency is essential for financial stability – Georgia’s Gvenetadze

Transparency is essential for financial stability – Georgia’s Gvenetadze

Strong communication and openness from the central bank are key ingredients in a successful financial stability policy, Koba Gvenetadze said today (June 14). The National Bank of Georgia governor said transparency plays several roles –…

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UK regulators propose new policies to foster diversity

UK regulators propose new policies to foster diversity

A group of the UK’s financial regulators have outlined a series of policy measures to improve levels of diversity and inclusion in the financial sector. In a discussion paper published today (July 7), the regulators…

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BIS pays out double dividend after bumper profit

BIS pays out double dividend after bumper profit

The Bank for International Settlements is paying out an extra dividend to its 63 central bank shareholders this year, after the rapid market recovery in 2020 generated large profits. Net profits were SDR1.2 billion ($1.7…

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Sarb celebrates centenary with virtual ceremony

Sarb celebrates centenary with virtual ceremony

The South African Reserve Bank celebrated its hundredth anniversary today (June 30) in a virtual celebration attended by former governors and the heads of international organisations. “The Sarb is a solid institution that all South Africans…

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Iranian president appoints new central bank governor

Iranian president appoints new central bank governor

Iran’s outgoing president has promoted the central bank’s deputy governor to the top role, one month after dismissing his predecessor. Akbar Komijani will become the Central Bank of Iran’s governor after being approved by the…

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